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Mortgage Rates Today, October 12, 2020 | Rates dip

[BankRate] Multiple benchmark mortgage rates receded today. The average rates on 30-year fixed and 15-year fixed mortgages both trended down. The average rate on 5/1 adjustable-rate mortgages, or ARMs, the most popular type of variable rate mortgage, advanced. Mortgage rates are constantly changing, but they continue to represent a bargain compared to rates before the […]

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Banks are in trouble, but this solution would make Elizabeth Warren’s head explode

[CNN Business] Businesses struggle to rehire workers as states reopen Now PlayingAnother 3 million file unemployment in the last week. New York (CNN Business)Mass unemployment. Mounting bankruptcies. And fears of negative interest rates. It’s a nightmarish time for America’s banks.The mood is so dire that there’s even buzz about a blockbuster merger that would marry the “vampire squid” […]

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